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...Reits tend to pay out 90 per cent of income but anything over 100 per cent is seen as unsustainable because funds might eventually need to take on more debt, issue new shares or sell assets to fund dividends...
...Insight Partners, the New York-based tech investment firm, has also raised a continuation fund, while New Enterprise Associates, a venture investor with $25bn in assets under management, had been talking...
...With the addition of a second fund, the New York-listed private equity group’s Asian infrastructure business now has $13bn in assets under management, though its bet has largely avoided China, the region...
...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...than 10 per cent of the fund’s assets under management....
...Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...Blackstone already part owns Hipgnosis Song Management (HSM), the manager and investment adviser of Hipgnosis Songs Fund (HSF), although its new offer is separate to that holding....
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...The group agreed this week to take a 26.1 per cent interest in Victory Capital Holdings, a $2.8bn US-listed fund manager....
...Issuers of passive funds will probably only be able to claim one of the FCA’s four green labels: Sustainability Improvers, designed for “products investing in assets that may not be sustainable now, with...
...Those asset sales are propelling the growth of KKR’s credit business, which has become the group’s largest business line by assets with $219bn under management....
...The figures suggest that top managers prioritise careful deployment of investors’ capital, rather than making the fund as large as possible....
...“It’s a melting iceberg,” says Jonathan Godsall, a McKinsey consultant, adding that all of his asset management clients are debating what to do about mutual funds....
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...Private assets offer higher returns in part because fund managers need the benefit of more permanent capital that cannot easily flee during the deployment phase....
...“The declining cost of capital with rates coming down and spreads coming down for real estate borrowing is very helpful.” *This story has been changed to correct the percentage figure...
...“This is one of the most fundamental changes in the asset management market,” he said, noting that in the US mutual funds shed about $800bn in assets last year, while ETFs gained about $800bn, with active...
...Financial policymakers have urged hedge funds, pension investors and commodities traders to keep more liquid assets on hand and develop stress tests to better withstand shocks from extreme market moves....
...The Brevan Howard master fund gained 20 per cent in 2022, when macro funds thrived during a period of rapid interest rate rises....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...Paul Singer’s Elliott Management and Boaz Weinstein’s Saba Capital....
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
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